FedEx signs an agreement to create a new logistics hub in Shanghai
HONG KONG, October 26, 2012 – FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, announced it has signed an agreement today with the Shanghai Airport (Group) Company Limited (SAA) to establish the new FedEx Shanghai International Express and Cargo Hub in China. With an investment of more than U.S. $100 million, the facility will enhance connectivity to the U.S. and Europe for FedEx customers in Asia Pacific and support global trade growth along these important trade lanes.
The 134,000-square-meter integrated FedEx facility is slated for completion in early 2017. It will be strategically located at Pudong International Airport (PVG Airport), one of the busiest airports in the world with its total cargo and mail throughput ranked number one in China for the last three consecutive years (2009-2011). The new FedEx facility will be able to process up to 36,000 documents and parcels per hour and meet expansion capabilities for the next 20 years and beyond.
When completed, the FedEx Shanghai International Express and Cargo Hub will boast an advanced sort system with capacity to sort up to 36,000 documents and packages per hour and will have a total of 59 truck docks. It will have a special on-site facilitation by the Chinese Immigration Authority and Shanghai Customs for efficient cargo clearance. The hub will also house the GSE (Ground Support Equipment) facility for FedEx equipment maintenance as well as the area for ULD (Unit Loading Device) staging.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $43 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.
About FedEx Express
FedEx Express is the world’s largest express transportation company, providing fast and reliable delivery to every U.S. address and to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee 2.
For further information, please contact:
1 Civil Aviation Administration China
2 Subject to relevant terms and conditions
SOURE: Submitted by Bite Communications